CARROLL SHELBY’S EXTRAORDINARY LIFE TO BE CELEBRATED IN SOUTHERN CALIFORNIA Carroll Shelby International and Ford Motor Company to Host Public Event LOS ANGELES – May 17, 2012 – Carroll Shelby International, Inc., (OTC: CSBI.PK) and Ford Motor Company will celebrate the incredible life of Carroll Hall Shelby at the Petersen Automotive Museum in Los Angeles on May 30, 2012. The two day event will feature a display of significant cars, an opportunity for fans to film a message about Mr. Shelby, a special ceremony and other activities. Carroll Shelby passed away on May 10, 2012, at Baylor Hospital in Dallas. “Carroll Shelby changed the course of history and touched the lives of millions through his racing, his companies and his charity,” said Joe Conway, president of Carroll Shelby International, Inc. and board member. “He challenged us and our friends at Ford Motor Company to honor his legacy by continuing this work. We wanted the first step to be a celebration of this exceptional man for everyone who shares his passion for performance.” The champion racing driver, entrepreneur, pilot, philanthropist, manufacturer and race team owner embodied the American spirit. He founded Carroll Shelby International, a publicly held corporation that owns car company Shelby American and a licensing group. Shelby American’s relationship with Ford Motor Company helped propel the company into the hearts of people worldwide with cars like the Cobra, GT350 and GT500. “Carroll Shelby was a tremendous influence on my family and Ford Motor Company,” stated Edsel Ford II, member of the Board of Directors of Ford Motor Company. “We’re honored to be part of this important milestone in the continuing relationship between Ford and Shelby.” Shelby’s favorite organization was the Carroll Shelby Foundation™, which provides medical assistance for those in need, including children, as well as educational opportunities for young people through automotive and other training programs. It also benefits the Carroll Shelby Automotive Foundation. Donations to the Carroll Shelby Foundation are encouraged in lieu of flowers at www.carrollshelbyfoundation.org. The museum display will include the first Shelby Cobra built, 2013 Ford Shelby GT500, the new Shelby 1000, a Series 1 and other vehicles from the past five decades. The cars will be displayed throughout the facility and will be accessible for viewing as part of general ticked admission. The guest list for the invitation-only service is being developed due to space limits. Guest speakers are expected to include close friends of Mr. Shelby such as Edsel Ford, Dan Gurney and Bill Neale. People involved with Shelby’s interests, from chili cook-offs to aviation, autos, philanthropy and societal groups will be invited. Additional facts will be released on www.carrollshelbyfoundation.org and www.shelbynation.com. Details will not available from the Petersen Museum or any Shelby organization. About Shelby American, Inc. Founded by legend Carroll Shelby, Shelby American manufactures and markets performance vehicles and related products. Now a subsidiary of Carroll Shelby International, Inc., the company manufactures authentic continuation Cobras, including the 427 S/C, 289 FIA and 289 street car component vehicles. The company offers the GT350, GT500 Super Snake and GTS post-title packages for the current generation Ford Mustang. For more information, visit www.shelbyamerican.com. About Carroll Shelby Licensing, Inc. Automotive manufacturer and entrepreneur Carroll Shelby is one of the most famous and successful high performance visionaries in the world, and he has spent the last 50 years establishing and protecting his name, trademarks and car design rights. He founded Carroll Shelby Licensing Inc., which has the exclusive right to license the Shelby trademarks and vehicle design rights for some of the most famous muscle cars and high-performance vehicles. CSL also holds trademark rights for Shelby-branded apparel, accessories and collectibles. For more information about the company or licensing opportunities, call (310) 914-1843, or fax (310) 538-8189 or write to Carroll Shelby Licensing, Inc., 19021 S Figueroa St., Gardena, CA, 90248, or visit www.carrollshelby.com, www.shelbylicensing.com or www.carrollshelbyinternational.com. About The Carroll Shelby Foundation The Carroll Shelby Foundation was created by legendary racer and automotive manufacturer Carroll Shelby. Headquartered in Gardena, Calif., the Foundation is dedicated to providing medical assistance for those in need, including children, educational opportunities for young people through automotive and other training programs and benefitting the Shelby Automotive Foundation. For more information visit CarrollShelbyFoundation.org. Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995 This release may contain forward-looking statements involving risks and uncertainties that may cause actual future events or results to differ materially and adversely from those described in the forward-looking statements. CSI disclaims any obligation to revise or update any forward- looking statement that may be made from time to time by or on its behalf.